i3 Verticals (NASDAQ:IIIV) Stock Rating Reaffirmed by DA Davidson

by · The Cerbat Gem

DA Davidson reissued their buy rating on shares of i3 Verticals (NASDAQ:IIIV – Free Report) in a report published on Monday, Benzinga reports. They currently have a $32.00 target price on the stock.

Several other equities analysts have also weighed in on the stock. KeyCorp reduced their target price on shares of i3 Verticals from $28.00 to $27.00 and set an overweight rating on the stock in a report on Monday, August 12th. Benchmark restated a buy rating and set a $33.00 price objective on shares of i3 Verticals in a research note on Tuesday, September 3rd. Stephens reaffirmed an overweight rating and issued a $29.00 target price on shares of i3 Verticals in a research report on Friday, August 16th. Finally, Raymond James dropped their target price on i3 Verticals from $31.00 to $28.00 and set a strong-buy rating on the stock in a report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $27.14.

Read Our Latest Research Report on IIIV

i3 Verticals Stock Performance

i3 Verticals stock opened at $21.29 on Monday. The company has a market cap of $712.62 million, a price-to-earnings ratio of 2,129.00 and a beta of 1.54. i3 Verticals has a 12 month low of $17.54 and a 12 month high of $25.51. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.98 and a quick ratio of 2.98. The stock’s 50-day moving average is $22.23 and its 200-day moving average is $21.77.

i3 Verticals (NASDAQ:IIIV – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.31). The business had revenue of $56.04 million for the quarter, compared to analyst estimates of $96.43 million. i3 Verticals had a positive return on equity of 5.99% and a negative net margin of 0.01%. Equities analysts anticipate that i3 Verticals will post 0.19 earnings per share for the current year.

Institutional Investors Weigh In On i3 Verticals

A number of hedge funds have recently bought and sold shares of IIIV. YHB Investment Advisors Inc. acquired a new position in shares of i3 Verticals in the 1st quarter valued at approximately $25,000. Comerica Bank increased its stake in shares of i3 Verticals by 46.0% in the first quarter. Comerica Bank now owns 2,133 shares of the company’s stock worth $49,000 after buying an additional 672 shares during the last quarter. SG Americas Securities LLC bought a new position in i3 Verticals during the 2nd quarter valued at $116,000. Argent Capital Management LLC bought a new position in i3 Verticals during the 1st quarter valued at $200,000. Finally, EntryPoint Capital LLC bought a new stake in shares of i3 Verticals in the 1st quarter worth about $210,000. Institutional investors and hedge funds own 84.22% of the company’s stock.

About i3 Verticals

(Get Free Report)

i3 Verticals, Inc provides integrated payment and software solutions primarily to the public sector and healthcare markets in the United States. It operates in two segments, Software and Services, and Merchant Services. The company offers payment processing services that enables upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing and taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software; assists public schools in completing payment processing functions, including accepting payments for online or at school lunches, and school activities.

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